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Judgements by CA. A. Kumar

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Case Fact: Whether in a sale of the entire undertaking (bakery) as a whole, if two separate documents with respect to movable and immovable (Land) assets are executed, the provision of section 50 of Income-tax Act, 1961, will be applicable?

Posted in Income Tax |   33 Views



Case Fact: Whether amount paid by the assessee to lawyer for seeking tax and legal implications of an project, for which he was retained by the company to conduct a study and render his opinion, deductible u/s 57(iii)?

Posted in Income Tax |   43 Views


Valuation of stock

  CA. A. Kumar    07 July 2008 at 12:22

Case Fact: Whether A.O. was justified in invoking section 145 to value closing stock at cost or market price which ever is lower where assessee had adopted the policy of valuing its closing stock at market price only

Posted in Income Tax |   45 Views


SECTION 68

  CA. A. Kumar    07 July 2008 at 12:22

Posted in Income Tax |   38 Views


Capital or Revenue Receipts

  CA. A. Kumar    07 July 2008 at 12:22

Case Fact: Whether compulsory deduction made by sugar cooperative societies on account of non-refundable and refundable deposits and other funds are revenue receipts liable to be taxed under the Income Tax Act.

Posted in Income Tax |   35 Views


Input includes Damaged Goods

  CA. A. Kumar    07 July 2008 at 12:22

Case Fact: Whether imported inputs damaged during transit can be considered as used for the manufacture of specified goods.

Posted in Excise |   34 Views


SECTION 69A

  CA. A. Kumar    06 July 2008 at 12:19

Posted in Income Tax |   47 Views


REASSESSMENT

  CA. A. Kumar    06 July 2008 at 12:19

Posted in Income Tax |   35 Views


SECTION 37

  CA. A. Kumar    05 July 2008 at 14:53

Posted in Income Tax |   33 Views


Penalty

  CA. A. Kumar    05 July 2008 at 13:42

Posted in Income Tax |   32 Views